Oil price drops near $98 per barrel

AP News
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Posted: Nov 14, 2011 4:13 PM
Oil price drops near $98 per barrel

The price of oil fell to near $98 per barrel Monday as investors continued to worry about Europe's debt problems.

Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell 85 cents to finish at $98.14 per barrel.

Gasoline gave up 6.85 cents to end at $2.5353 per gallon.

Heating oil fell less than a penny to end at $3.1622 per gallon.

Natural gas fell 12.6 cents to end at $3.4580 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude dropped $2.27 to finish at $111.89 per barrel.